FPI
Farmland Partners Inc.
REIT - Specialty
Market Cap$466M
5Y Perf.+54.8%
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Stock Comparison
FPI vs WELL
Revenue, margins, valuation, and 5-year total return — side by side.
WELL
Welltower Inc.
REIT - Healthcare Facilities
Market Cap$151.66B
5Y Perf.+327.2%
FPI vs WELL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FPI | WELL |
|---|---|---|
| Industry | REIT - Specialty | REIT - Healthcare Facilities |
| Market Cap | $466M | $151.66B |
| Revenue (TTM) | $54M | $11.63B |
| Net Income (TTM) | $30M | $1.43B |
| Gross Margin | 78.7% | 39.1% |
| Operating Margin | 45.6% | 4.4% |
| Forward P/E | 50.1x | 79.7x |
| Total Debt | $161M | $21.38B |
| Cash & Equiv. | $9M | $5.03B |
FPI vs WELL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FPI
WELL
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Farmland Partners I… (FPI) | 100 | 154.8 | +54.8% |
| Welltower Inc. (WELL) | 100 | 427.2 | +327.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FPI vs WELL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: FPI leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Welltower Inc. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
FPI
Farmland Partners Inc.
The Real Estate Income Play
FPI carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.56, yield 11.6%
- Lower volatility, beta 0.56, Low D/E 30.0%, current ratio 537.08x
- Beta 0.56, yield 11.6%, current ratio 537.08x
Best for: income & stability and sleep-well-at-night
WELL
Welltower Inc.
The Real Estate Income Play
WELL is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 35.8%, EPS growth -11.5%, 3Y rev CAGR 22.7%
- 233.9% 10Y total return vs FPI's 33.2%
- 35.8% FFO/revenue growth vs FPI's -10.4%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | WELL | 35.8% FFO/revenue growth vs FPI's -10.4% |
| Value | FPI | Lower P/E (50.1x vs 79.7x) |
| Quality / Margins | FPI | 56.0% margin vs WELL's 12.3% |
| Stability / Safety | WELL | Beta 0.13 vs FPI's 0.56 |
| Dividends | FPI | 11.6% yield, 2-year raise streak, vs WELL's 1.3% |
| Momentum (1Y) | WELL | +45.8% vs FPI's +9.2% |
| Efficiency (ROA) | FPI | 4.1% ROA vs WELL's 2.3%, ROIC 2.4% vs 0.5% |
FPI vs WELL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FPI vs WELL — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLFPILAGGINGWELL
WELLWelltower Inc.
2leads
FPIFarmland Partners Inc.
4leads
6 Total Categories
CATEGORYLEADERvs WELLMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
FPI4/6
Valuation MetricsMultiples, price ratios, and targets
FPI6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
FPI8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
WELL6/6
Risk & VolatilityBeta, volatility, and downside exposure
WELL2/2
Analyst OutlookRatings, price targets, and dividends
FPI1/1
Income & Cash Flow (Last 12 Months)
FPI leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WELL is the larger business by revenue, generating $11.6B annually — 216.1x FPI's $54M. FPI is the more profitable business, keeping 56.0% of every revenue dollar as net income compared to WELL's 12.3%. On growth, WELL holds the edge at +40.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. |
|---|---|---|
| RevenueTrailing 12 months | $54M | $11.6B |
| EBITDAEarnings before interest/tax | $28M | $2.8B |
| Net IncomeAfter-tax profit | $30M | $1.4B |
| Free Cash FlowCash after capex | $19M | $2.5B |
| Gross MarginGross profit ÷ Revenue | +78.7% | +39.1% |
| Operating MarginEBIT ÷ Revenue | +45.6% | +4.4% |
| Net MarginNet income ÷ Revenue | +56.0% | +12.3% |
| FCF MarginFCF ÷ Revenue | +35.9% | +21.9% |
| Rev. Growth (YoY)Latest quarter vs prior year | -1.5% | +40.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -64.2% | +22.5% |
FPI leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
FPI leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 17.2x trailing earnings, FPI trades at a 89% valuation discount to WELL's 155.7x P/E. On an enterprise value basis, FPI's 22.7x EV/EBITDA is more attractive than WELL's 67.4x.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. |
|---|---|---|
| Market CapShares × price | $466M | $151.7B |
| Enterprise ValueMkt cap + debt − cash | $618M | $168.0B |
| Trailing P/EPrice ÷ TTM EPS | 17.23x | 155.73x |
| Forward P/EPrice ÷ next-FY EPS est. | 50.07x | 79.69x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 22.70x | 67.37x |
| Price / SalesMarket cap ÷ Revenue | 8.93x | 14.22x |
| Price / BookPrice ÷ Book value/share | 1.02x | 3.40x |
| Price / FCFMarket cap ÷ FCF | 26.74x | 53.25x |
FPI leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
FPI leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
FPI delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $3 for WELL. FPI carries lower financial leverage with a 0.30x debt-to-equity ratio, signaling a more conservative balance sheet compared to WELL's 0.49x. On the Piotroski fundamental quality scale (0–9), WELL scores 7/9 vs FPI's 6/9, reflecting strong financial health.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +5.7% | +3.5% |
| ROA (TTM)Return on assets | +4.1% | +2.3% |
| ROICReturn on invested capital | +2.4% | +0.5% |
| ROCEReturn on capital employed | +3.0% | +0.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.30x | 0.49x |
| Net DebtTotal debt minus cash | $152M | $16.3B |
| Cash & Equiv.Liquid assets | $9M | $5.0B |
| Total DebtShort + long-term debt | $161M | $21.4B |
| Interest CoverageEBIT ÷ Interest expense | 4.34x | 0.26x |
FPI leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
WELL leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in WELL five years ago would be worth $31,193 today (with dividends reinvested), compared to $9,699 for FPI. Over the past 12 months, WELL leads with a +45.8% total return vs FPI's +9.2%. The 3-year compound annual growth rate (CAGR) favors WELL at 43.3% vs FPI's 6.2% — a key indicator of consistent wealth creation.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +12.0% | +16.2% |
| 1-Year ReturnPast 12 months | +9.2% | +45.8% |
| 3-Year ReturnCumulative with dividends | +19.9% | +194.0% |
| 5-Year ReturnCumulative with dividends | -3.0% | +211.9% |
| 10-Year ReturnCumulative with dividends | +33.2% | +233.9% |
| CAGR (3Y)Annualised 3-year return | +6.2% | +43.3% |
WELL leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
WELL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
WELL is the less volatile stock with a 0.13 beta — it tends to amplify market swings less than FPI's 0.56 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. WELL currently trades 98.6% from its 52-week high vs FPI's 80.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.56x | 0.13x |
| 52-Week HighHighest price in past year | $13.23 | $219.59 |
| 52-Week LowLowest price in past year | $9.37 | $142.65 |
| % of 52W HighCurrent price vs 52-week peak | +80.7% | +98.6% |
| RSI (14)Momentum oscillator 0–100 | 29.2 | 57.6 |
| Avg Volume (50D)Average daily shares traded | 408K | 2.6M |
WELL leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
FPI leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates FPI as "Hold" and WELL as "Buy". Consensus price targets imply 59.2% upside for FPI (target: $17) vs 4.6% for WELL (target: $227). For income investors, FPI offers the higher dividend yield at 11.64% vs WELL's 1.28%.
| Metric | FPIFarmland Partners… | WELLWelltower Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $17.00 | $226.50 |
| # AnalystsCovering analysts | 15 | 34 |
| Dividend YieldAnnual dividend ÷ price | +11.6% | +1.3% |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | $1.24 | $2.76 |
| Buyback YieldShare repurchases ÷ mkt cap | +8.2% | 0.0% |
FPI leads this category, winning 1 of 1 comparable metric.
Key Takeaway
FPI leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). WELL leads in 2 (Total Returns, Risk & Volatility).
Best OverallFarmland Partners Inc. (FPI)Leads 4 of 6 categories
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FPI vs WELL: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FPI or WELL a better buy right now?
For growth investors, Welltower Inc.
(WELL) is the stronger pick with 35. 8% revenue growth year-over-year, versus -10. 4% for Farmland Partners Inc. (FPI). Farmland Partners Inc. (FPI) offers the better valuation at 17. 2x trailing P/E (50. 1x forward), making it the more compelling value choice. Analysts rate Welltower Inc. (WELL) a "Buy" — based on 34 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FPI or WELL?
On trailing P/E, Farmland Partners Inc.
(FPI) is the cheapest at 17. 2x versus Welltower Inc. at 155. 7x. On forward P/E, Farmland Partners Inc. is actually cheaper at 50. 1x.
03Which is the better long-term investment — FPI or WELL?
Over the past 5 years, Welltower Inc.
(WELL) delivered a total return of +211. 9%, compared to -3. 0% for Farmland Partners Inc. (FPI). Over 10 years, the gap is even starker: WELL returned +233. 9% versus FPI's +33. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FPI or WELL?
By beta (market sensitivity over 5 years), Welltower Inc.
(WELL) is the lower-risk stock at 0. 13β versus Farmland Partners Inc. 's 0. 56β — meaning FPI is approximately 320% more volatile than WELL relative to the S&P 500. On balance sheet safety, Farmland Partners Inc. (FPI) carries a lower debt/equity ratio of 30% versus 49% for Welltower Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FPI or WELL?
By revenue growth (latest reported year), Welltower Inc.
(WELL) is pulling ahead at 35. 8% versus -10. 4% for Farmland Partners Inc. (FPI). On earnings-per-share growth, the picture is similar: Welltower Inc. grew EPS -11. 5% year-over-year, compared to -41. 5% for Farmland Partners Inc.. Over a 3-year CAGR, WELL leads at 22. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FPI or WELL?
Farmland Partners Inc.
(FPI) is the more profitable company, earning 60. 5% net margin versus 8. 8% for Welltower Inc. — meaning it keeps 60. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FPI leads at 44. 2% versus 3. 3% for WELL. At the gross margin level — before operating expenses — FPI leads at 64. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FPI or WELL more undervalued right now?
On forward earnings alone, Farmland Partners Inc.
(FPI) trades at 50. 1x forward P/E versus 79. 7x for Welltower Inc. — 29. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FPI: 59. 2% to $17. 00.
08Which pays a better dividend — FPI or WELL?
All stocks in this comparison pay dividends.
Farmland Partners Inc. (FPI) offers the highest yield at 11. 6%, versus 1. 3% for Welltower Inc. (WELL).
09Is FPI or WELL better for a retirement portfolio?
For long-horizon retirement investors, Welltower Inc.
(WELL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 1. 3% yield, +233. 9% 10Y return). Both have compounded well over 10 years (WELL: +233. 9%, FPI: +33. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FPI and WELL?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FPI is a small-cap deep-value stock; WELL is a mid-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(FPI: -1.5% · WELL: 40.3%)Net Margin>
%
(FPI: 56.0% · WELL: 12.3%)P/E Ratio<
x
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